Ares Management Corporation (ARES) Stock Price & Analysis
Ares Management Corporation (ARES) closed at USD 123.7 on Thursday, October 22, 2026, up 5.72% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 117.01; the Oct 22, 2026 session ranged USD 115.36–123.92 on volume of 2,645,265 shares. Market capitalization is $41.04B, with a 52-week range of USD 95.8–181.19 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:16 UTC.
Also available as compact Markdown for AI agents: nexqual.com/ARES.md
Key facts (ARES)
- Last four reported quarters (through Jun 30, 2026): revenue $5.99B, net income $636M (10.6% margin) (SEC filings).
- Valuation: P/E 64.5x.
- Earnings quality: non-operating income $475M vs operating income null over the last four quarters; P/E excluding non-operating income ≈172.4x (estimate: non-operating income taxed at the company's 16.2% effective rate).
- 2 of 80 tracked superinvestors hold ARES (13F, Q2 2026): 1 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 2.10 on a 1–5 scale) (20 analysts), mean target USD 144.8 (range 119–168).
- Total return with dividends: 1Y -13.2% vs S&P 500 +14.9%; 5Y +77.9% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 1.26, revenue estimate $1.24B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ARES)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $4.21B | $3.06B | $3.63B | $3.88B | $5.60B | $5.99B |
| Net income | $409M | $168M | $474M | $464M | $527M | $636M |
| Net margin | 9.7% | 5.5% | 13.1% | 11.9% | 9.4% | 10.6% |
| Revenue growth | +138.8% | -27.5% | +18.9% | +7.0% | +44.2% | — |
| Cash + short-term investments | $344M | $390M | $348M | $1.51B | $489M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (ARES)
P/E 64.5x · P/E ex non-operating (est.) ≈172.4x · P/S 6.8x · P/B 10.3x · Earnings yield 1.55% · Dividend yield (paid, TTM) 0.23%
Superinvestors (SEC 13F-HR, Q2 2026) (ARES)
2 of 80 tracked investors hold ARES. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Vulcan Value Partners | 6.45% | $212M | Added +12.5% | |
| Daniel Loeb | Third Point | 0.90% | $41.7M | New position |
Analysts (ARES)
Consensus Buy (mean 2.10 on a 1–5 scale), 20 analysts; mean target USD 144.8 (low 119, high 168).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | Piper Sandler | Target lowered | Overweight | $150 → $143 |
| 2026-10-13 | UBS | Target lowered | Neutral | $142 → $134 |
| 2026-10-12 | TD Cowen | Target lowered | Buy | $163 → $159 |
| 2026-10-02 | Wells Fargo | Initiated | Overweight | $136 |
| 2026-09-24 | Piper Sandler | Initiated | Overweight | $150 |
| 2026-08-27 | Oppenheimer | Target raised | Outperform | $151 → $162 |
| 2026-08-03 | TD Cowen | Target raised | Buy | $153 → $155 |
| 2026-08-03 | JP Morgan | Target raised | Overweight | $143 → $153 |
| 2026-08-03 | RBC Capital | Target raised | Outperform | $162 → $168 |
| 2026-08-03 | Oppenheimer | Target raised | Outperform | $140 → $151 |
| 2026-08-03 | BMO Capital | Target raised | Market Perform | $128 → $134 |
| 2026-07-17 | Oppenheimer | Target lowered | Outperform | $146 → $140 |
Total return (dividends reinvested) (ARES)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -13.2% | +77.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -13.3% | +12.2% |
| Volatility (annualized) | 43.6% | 37.7% |
| Max drawdown | -45.5% (Dec 2025→Mar 2026) | -47.2% (Jan 2025→Mar 2026) |
ARES revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Management fees | $1.02B | 71.2% | +13.0% |
| Carried interest | $249.9M | 17.5% | -22.8% |
| Administrative, transaction and other fees | $116.1M | 8.1% | +26.8% |
| Incentive fees | $42.8M | 3.0% | +85.2% |
| Principal investment income | $2.3M | 0.2% | -79.1% |
| Total revenue | $1.43B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
ARES suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Ares Operating Group | “•"Ares Operating Group Unit" or an "AOG Unit" refers to, collectively, a partnership unit in the Ares Operating Group entities including Ares Holdings and any future entity designated by our board of directors in its sole discretion as an Ares Operating Group entity;” |
Quoted from the company's 10-K filed Feb 25, 2026.
Companies that name ARES in their SEC reports
| Relationship to ARES | Company | Filing | Sentence |
|---|---|---|---|
| partner | Vinci Compass Investments Ltd. (VINP) | 20-F Apr 20, 2026 | “On October 10, 2023, we announced that Ares Management Corporation, or Ares, agreed to form a strategic partnership to accelerate the growth of Vinci Compass' platform in Latin America and to collaborate with the distribution, product development and other business opportunities.” |
| partner | ENI SPA (E) | 20-F Mar 23, 2026 | “On March 19, 2026, Eni initiated a reorganization of Plenitude's shareholding structure, together with the existing shareholders Ares Alternative Credit (affiliates of Ares Management Corporation) and Energy Infrastructure Partners.” |
| partner | Ares Commercial Real Estate Corp (ACRE) | 10-K Feb 10, 2026 | “Ares Management believes that its unique culture, which centers upon values of collaboration, responsibility, entrepreneurialism, self-awareness and trustworthiness, makes it a preferred place for top talent at all levels to build a long-term career within the alternative asset management industry.” |
| partner | ARES CAPITAL CORP (ARCC) | 10-K Feb 4, 2026 | “Ares Management LLC, the sole member of Ares Capital Management, has granted us a non‑exclusive, royalty‑free license to use the name "Ares" pursuant to a license agreement.” |
ARES analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.26 | $1.42 | -11.6% | $1.24B | 15 |
| Next quarter (ends Dec 2026) | $1.95 | $1.94 | +0.7% | $1.42B | 13 |
| Current fiscal year (ends Dec 2026) | $5.76 | $5.89 | -2.1% | $4.93B | 17 |
| Next fiscal year (ends Dec 2027) | $7.11 | $7.22 | -1.6% | $5.84B | 17 |
ARES options: expected move
Options price a move of about ±7.8% (±$9.60) by Oct 30, 2026, which includes earnings on Oct 29, 2026. Over the last 8 reports the stock moved ±3.5% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 65.5% | ±7.8% |
| Nov 6, 2026 | 14 | 56.1% | ±9.1% |
| Nov 13, 2026 | 21 | 53.0% | ±10.4% |
| Nov 20, 2026 | 28 | 50.6% | ±11.4% |
| Nov 27, 2026 | 35 | 47.3% | ±11.8% |
| Dec 4, 2026 | 42 | 45.6% | ±12.4% |
| Dec 18, 2026 | 56 | 44.0% | ±14.3% |
| Jan 15, 2027 | 84 | 42.2% | ±16.3% |
30-day implied volatility 46.6% vs 31.7% realized over the last 30 trading days. Put/call ratio (volume) 0.76. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:16 UTC)
| Price | USD 123.7 |
|---|---|
| Change | ▲ 5.72% (up) |
| Previous Close | USD 117.01 |
| Open | USD 114.99 |
| Day Range | USD 115.36 – 123.92 |
| 52-Week Range | USD 95.8 – 181.19 |
| Volume | 2,645,265 shares |
| Market Cap | $41.04B |
| Exchange | NYQ |
Technical Analysis (ARES)
Nexqual's technical model rates ARES "NEUTRAL" based on 3 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 09:16 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 53.19 (neutral) |
| vs SMA50 | Below (USD 128.2) |
| MACD | -2.57 (negative) |
Analyst Ratings (ARES)
Wall Street analysts rate ARES "Buy" based on 20 analysts, with a mean price target of USD 144.8 (range USD 119–168), per Nexqual as of October 23, 2026 at 09:16 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 20 |
| Mean Target | USD 144.8 |
| High Target | USD 168 |
| Low Target | USD 119 |
| Buy / Hold / Sell | 13 / 7 / 0 |
Earnings (ARES)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 1.26 |
| Revenue Estimate | $1.24B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.29 vs est 1.27 ▲ beat |
| 2026-03-31 | USD 1.24 vs est 1.33 ▼ miss |
| 2025-12-31 | USD 1.45 vs est 1.69 ▼ miss |
| 2025-09-30 | USD 1.19 vs est 1.14 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
Financials & Fundamentals (ARES)
| Total Revenue | $5.25B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +9.60% |
| Gross Margin | +100.00% |
| Operating Margin | +9.47% |
| Profit Margin | +12.11% |
| ROE | +14.92% |
| Debt / Equity | 1.72 |
| Current Ratio | 0.62 |
| Total Cash | $1.85B |
| Total Debt | $14.87B |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
Financial Health Score (ARES)
Nexqual rates Ares Management Corporation's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:16 UTC.
| Growth | Strong — Revenue +22% YoY (annual) |
|---|---|
| Profitability | Mixed — Operating margin 9% |
| Balance Sheet | Critical — $1.85B cash vs $14.9B debt |
| Cash Flow | Solid — Operating cash flow $3.27B (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — ROE 15%, ROA 4.6% |
Ownership (ARES)
| Insider Ownership | +11.16% |
|---|---|
| Institutional Ownership | +94.04% |
| Shares Outstanding | 223.96M |
| Float | 219.76M |
| Short % of Float | +14.44% |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
Leadership (ARES)
Ares Management Corporation is led by Michael J. Arougheti, Co-Founder, Partner, CEO & Director, per Nexqual as of October 23, 2026 at 09:16 UTC.
| Co-Founder, Partner, CEO & Director | Michael J. Arougheti |
|---|---|
| Partner, Director, Co-Founder & Executive Chairman | Antony Peter Ressler |
| Partner & Co-President | Blair Victor Jacobson |
| Partner, Director & Co-President | Robert Kipp DeVeer |
| CFO, Partner & Principal Financial and Accounting Officer | Jarrod Morgan Phillips |
Major Backers & Investors (ARES)
Notable institutional backers of Ares Management Corporation include Sumitomo Mitsui Financial Group, Inc., Bank of America Corporation, Capital Group, according to Nexqual as of October 23, 2026 at 09:16 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Sumitomo Mitsui Financial Group, Inc. | 5.97% |
| Bank of America Corporation | 5.29% |
| Capital Group | 4.75% |
| Wellington Management | 4.25% |
| Charles Schwab Investment Management, Inc. | 3.01% |
| Canada Pension Plan Investment Board | 2.97% |
| Charles Schwab | 2.2% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 11.02% |
| BlackRock | 7.54% |
| State Street | 4.01% |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
From Ares Management Corporation's Latest SEC 10-K Filing (filed 2026-02-25)
Key Strengths & Strategy (as disclosed to the SEC)
- As of December 31, 2025, our infrastructure secondaries team of more than 10 investment professionals managed $6.9 billion of AUM in more than 15 funds and related co-investment vehicles.
- We believe our consistent and strong performance in a broad range of alternative investments has been shaped by several distinguishing features of our platform: •Comprehensive Multi-Asset Class Expertise and Flexible Capital: Our proficiency at evaluating every level of the capital structure, from senior debt to common equity, across companies, structured assets, real estate projects, and infrastructure and energy assets enables us to effectively assess relative value.
- Within our infrastructure strategy, we have a long-tenured global team utilizing deep local sourcing capabilities and extensive sector experience to originate and manage a portfolio of diverse, high-quality investments across the globe.
- Our infrastructure opportunities investment approach focuses on both core and value-add equity strategies leveraging flexible capital to build a diversified infrastructure portfolio.
Partnerships
- Venture Capital: Our venture capital business is focused on fund strategies that seek to advance proprietary artificial intelligence solutions and to partner with industry leading vendors to help drive efficiencies for our portfolio companies, assets and certain investment and business processes.
- We do not have a centralized investment committee and instead our investment committees are generally structured with overlapping membership from different investment groups to ensure consistency of approach, shared investment experience and collaboration across our platform.
Legal & Regulatory Risks (Item 1A, quoted)
- Changes in relevant data protection laws could necessitate changes to the steps taken by our funds for the purposes of complying with such laws and the way in which personal data is transferred between our funds.
- Regulations impacting the insurance industry could adversely affect our business and our operations, and our provision of products and services to insurance companies, including through Aspida, subjects us to a variety of risks and uncertainties.
- We may be the target or subject of, or may have indemnification obligations related to, litigation, enforcement investigations or regulatory scrutiny.
- Regulatory changes in jurisdictions outside the U.S. could adversely affect our businesses.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| AMP | Ameriprise Financial, Inc. | USD 496.83 | ▲ 1.29% |
| STT | State Street Corporation | USD 167.84 | ▼ 0.66% |
| RJF | Raymond James Financial, Inc. | USD 159.19 | ▲ 2.25% |
| NTRS | Northern Trust Corporation | USD 165.82 | ▼ 0.65% |
| APO | Apollo Global Management, Inc. | USD 114.83 | ▲ 2.81% |
| PFG | Principal Financial Group Inc | USD 110.11 | ▲ 1.54% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:16 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt